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Title: Regulations Governing Managed Futures Enterprises CH
Category: Financial Supervisory Commission(金融監督管理委員會)
Chapter V Supplementary Provisions
Article 66
Article 8; Article 10; subparagraph 1, subparagraphs 3 to 5, and subparagraph 7 of paragraph 1, and paragraphs 2 to 4, of Article 12; Articles 13 to 17; Articles 22 to 46, and Article 48 shall apply to futures trust enterprises and securities investment trust enterprises concurrently operating managed futures enterprises.
The provisions cited in the preceding paragraph, and the provisions of Articles 19 to 21, shall apply to the allocated operating capital of futures brokers and securities investment consulting enterprises concurrently operating managed futures enterprises.
Article 66-1
If before the 11 October 2010 amendment to these Regulations enters into force, a managed futures enterprise does not meet the requirements under Article 51-1, paragraph 1, it shall make the adjustments within 6 months starting from the date the amendment enters into force, and if it does not meet the requirements under Article 56, paragraph 1, it shall make the adjustments within 1 year starting from the date the amendment enters into force.
A person who, before the 11 October 2010 amendment to these Regulations enters into force, was already serving as the general manager of a managed futures enterprise may continue to serve in the original position or for the duration of the original term, without being subject to the restrictions of Article 51-1, paragraphs 2 and 3.
For a person to be promoted or assigned to the position of the general manager of a managed futures enterprise after the 11 October 2010 amendment to these Regulations enters into force, the requirements on qualifications and appointment procedures as set out in Article 51-1, paragraphs 2 and 3 shall be satisfied; those who do not satisfy the requirements shall be dismissed.
Article 67
These Regulations shall enter into force from the date of issuance, except for Article 22 amended and issued on 12 July 2012, which shall enter into force from the fiscal year of 2013.